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Search Results 0 to 24 of about 25 (some duplicates have been removed)
it could be a big day for our whole entire country. >> and the news is whether we've got a deal or not. shortly after ten o'clock last night. harry reid said you know, i was going to have everybody show up in the mid feel the night and take a vote at 1 a.m. and he received word from the white house that apparently, the white house and this really hacks him off, you know, because it kind of bypasses him, and former speaker pelosi, dealing directly with mitch mcconnell, joe biden 6789 it sounds like they've got a deal, and close to a deal and some of of the frame work as well to talk about it. >> yeah, it looks like it's been going back and forth and take a look, it looks like debt ceiling increase, 1.2 trillion to 2.4 last night last through the night and living in my office, as high as 2.8 trillion dollars in debt ceiling increases, spending cuts have to be about the same amount commensurate. >> dollar for dollar. >> at least if not more. >> and guys, there's a little bit of wrangling whether or not that balanced budget amendment that john boehner needed so badly to get the house to vo
information is stored and, jon, you know with the tsa and all those scanners, that was big concern of people and also for some of the privacy advocates. jon? jon: yeah. and some of our chatters are wondering when this is going to hit the consumer market, you know, can i buy one of these things and scan anybody i want to? >> reporter: you know what, interesting? facebook is looking at it and google, also, to allow you to take a picture of someone and do an immediate google search to get any other information on them. so your chatters are up to speed, jon. jon: that is a brave new world. jamie colby, thank you. >> reporter: take care. jenna: breaking news of the day, and we have more big stories throughout the hour including a big rule anything the case of the former police sergeant who keeps losing wyomings. what -- wives. the case of drew peterson and how it could impact his murder trial. >>> also house speaker john boehner reworking his debt deal. this as the clock ticks closer to that default deadline. six days away, can a deal be struck in time? we'll go in depth just ahead.   you c
between himself and michele bachmann. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading a multimillion dollar budget mess in minnesota." later the bachmann campaign added on healthcare mandates, climate change and wall street bail-outs there's very little daylight between governor pawlenty's record and the obama administration's." this back and forth comes with pawlenty still trailing bachmann in the polls. for bachmann, the verbal sparring seems to come with at least some risk. it will likely draw even more attention to the iowa straw poll, less than three weeks away, and pawlenty seems to have the advantage of a larger, deeper iowa organization. the straw poll bal
a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the debt ceiling deadlock in washington led to increasingly urgent appeals for action today. but even as talks resumed, white house officials warned not to expect a hallelujah moment. fresh alarms sounded on wall street and around the world today about the consequences of a potential u.s. government default. standard & poors joined moody's in warning the country's credit rating could be downgraded, if the government tries to pay just the interest on its debt. and china said it hopes the u.s. adopts responsible policies. the chinese hold more than $1 trillion in u.s. debt, more than any other foreign creditor. at a senate hearing, federal reserve chairman ben bernanke-- t
out the president has a big birthday bash scheduled for august 3rd, celebrities flying in from all over. and lo and behold, august 2nd is the deadline for getting something done so that he can have this massive -- maybe the biggest fundraising dinner in history for a birthday celebration. >> and here's iowa congressman steve king. >> it's not default. they've been calling it default to try to stampede people into taking a bad deal here in this congress. the american people understand this. they understand at least intuitively that it would be the president who would willfully default if there's to be a default. i'd like to think the investor markets understand that, too. >> keeping them honest, there's little reason to think that's true. and plenty of people in the gop establishment and the business community sending up warning flairs. officials at the bond rating company standard & poors today briefing freshman republicans about what might happen. political reporting tonight they were cautioned that one possibility is "a death spiral in the bond market". s & p is already on record
, the social security benefits drop 22%. that's a big hit for folks that are living on social security. so what can we do today, 25 years in advance, what small thing can we do today to social security which will build up the solvency and life of social security for even more years? that's a -- i think that's an honest challenge and we should view it as an honest challenge. not to eliminate social security but to say to the generation of younger workers in america, it's going to be there and you'll be darn lucky that it is there because a lot of seniors today can tell you the story of their lives paying into social security. they now receive the benefits. but what happened to their other plans for retirement? well, that little 401(k), that ira, that s.e.p. plan took a hit a few years ago, lost about 30% of its value. and for many americans with pension plans where their work, some of those companies went out of business and walked away from those pension obligations. social security has been there. we want it to be there in the future. so we can find ways to strengthen social security and give
procedure, the regular order but have attempted to solve this big problem in secret, behind closed doors with just a few people. i believe that is contrary to the historical understanding of the role of congress and i'm not happy about it, i oppose it and i object to it and i expect an appropriate amount of time to consider whatever plan comes >> with titles like "slander," and coulter has something to say. now, your chance to talk to the best-selling author. in death, for three hours starting at noon on both tv. >> the former u.s. comptroller general david walker of the nation pose a growing debt and budget deficit challenges. from "washington journal,", this is 30 minutes. the former u.s. comptroller general and now founder and ceo of the comeback american initiative, david walker print a good morning. forve said it is a bad idea the congress and president to flirt, so to speak, with the august 2nd deadline of hitting a possible debt default. what do you think is going on right now and are concerned there is not a deal in place yet? guest: i am concerned. if everybody is true to their
stick with me. we'll take it. go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. unlike fish oil, megared softgels are small and easy to swallow with no fishy smell or aftertaste. try megared today. >>> let's go live to washington. it's the house whip speaking right now. congressman steny hoyer of maryland here. now keep in mind five days remaining to a potential default of the treasury. the house of representatives just begun the debate there over this legislation to raise the debt ceiling. now this is the plan today put forth by the speaker of the house john boehner, and at last report boehner continues to twist arms among his own republicans to win enough vote to pass this thing. let's bring in joe johns here in washington. joe, let's just both listen to speaker boehner. this is when he spoke just a short time ago. >> the bill is not perfect. i've never said it was perfect. nobody in my caucus believes it's perfect, but what this bill reflects is a sincere, honest effort to end this crisis in a bipartisan w
of the big package. we think that estimate was given in 2009 and the authors of the estimate think that its low, and we are very concerned that it's going to be much higher than that and we will continue to get much higher than that. and obviously the collection the states and governments that rely on the revenue, but those folks in those little towns across the country that are trying to make a living selling to the people in their community that have an automatic six to 8% price disadvantage simply because the truck is driving out hundred and of packages is having a devastating effect on small and medium-size retailers. i get we too many telephone calls from the country that are in their view being killed by that price differential. >> he raises the point some of the leading proponents of applying the sales tax online or wal-mart and target national retailers who have also been blamed by small retailers for price pressures and that sort of thing. how would you respond to that? >> they are major proponents of this, but they are not alone. i spend a lot of time talking to the after market a
to think for me. they don't know i'm a little brother who doesn't like it when my big brothers tell me what to do, because they aren't always responsible for their own things. i don't tell my brothers what to do with their money. i'm smarter than they think i am. they should follow the rules." i'd ask that the entire letter be printed at the completion of my speech. and i thank eric -- the presiding officer: without objection. mr. enzi: and i thank him for his sage advice. it is disappointing to be here today dreask the unite addressid states senate on a topic that we should have dealt with months ago. our country is in a financial crisis. erskine bowles, the cochairman of the deficit commission, coined the situation we face as -- quote -- "the most predictable economic crisis in history" -- end quote. and yet there is no clear path forward to deal with both the short-term need to raise the debt limit and the long-term need to get spending under control. i'm disappointed we have made this discussion about the debt ceiling instead of our ever-increasing spending. when you spend beyond your m
senate procedure, the regular order but have attempted to solve this big problem in secret, behind closed doors with just a few people. i believe that is contrary to the historical understanding of the role of congress and i'm not happy about it, i oppose it a i object to it and i expect an appropriate amount of time to consider whatever plan comes ded women like them guard these hallowed halls. mr. president, some of those dedicated police officers stood guard saturday and sunday as we worked to reach an agreement to avert a default on our national debt. leaders from both parties were here throughout the weekend. differences still separate our two sides but work toward an agreement continues. this afternoon, i will put on the floor a proposal to -- that i hope will break that impasse. this legislation would put to rest the specter of default. it would cut $2.7 trillion from the deficit over the next decade. it would not raise any new revenue or make any cuts to medicare, medicaid or social security. all the cuts included in this package have previously been supported by republicans. the
is spending your money wisely. the pentagon says they're too big to be audited. can't bance their books. there was $100 billion unaccounted for in the becoming year. $5 billion that the g.a.o. sound. duplicate programs. 82 different programs training workers. could we not maybe deal with one federal program training workers instead of 82 different ones doing the same thing? but this is it. the president said that raising the debt ceiling would be a mistake but now that he's president he's changed his mind. the hip hypocrisy of that is whi think makes americans unhappy. th president said the same thing on war. he said no president should unilaterally go to war without congressional authority and here we are at war in libya with no vote in congress. he says he has a piece of paper from the united nations. we didn't elect the united nations. we have a constitution and it requires tse things be debated in congress. people are unhappy because we're not doing the people's business. we haven't had a budget here in 800 days. do you know what? it's against the law. it's against the law not to ha
that submerged that's been debated about too big to fail, there's no point they did. in fact, when the republicans have the hearings on the international competition, two industry witnesses, one representing the bank, orientation, and one house from harvard who's been the supporter of a strong event and industry and skeptical of some regulations and committee both noted that there was a potential competitive disadvantage for large american financial institutions because we are so firm in not allowing bailouts. they noted that america has by far the strongest anti-public participation in bailout law and rules in the world and that this could be a problem for american institutions and others. the argument, bit way, that being designated as a systemically important financial institution is an advantage because you will be able to borrow more cheaply. this is -- we've heard of the gift that keeps on giving -- this is the gift that people keep on refusing. unanimously, any institution there that's discretion about to whether or not it was designated as systemically important has vehemen
as the vice president and that he says they are fully engaged in serious negotiations. that is a big statement. i'll tell you almost as quickly as we heard that come from the top republican in the senate we also heard from senate majority leader harry reid as he was returning to the capitol from a meeting at the white house with the president. he was asked if they were any closer to an agreement and reid said very firmly no. one reason could be is we're hearing from democratic leadership aides in the senate, the possible pessimism they said republicans have not moved off from their position that they support the house speaker john boehner's bill. what we're seeing a lot of is a lot of back and forth here. it is a very fluid situation as you know, wolf. one thing we're keeping our eye on is potential for a very late night, 1:00 a.m. vote, the first test, a test vote for senator reid's proposal to raise the federal debt ceiling as he's pushing that proposal forward at the same time. >> they need 60 votes for reid's proposal to get through the senate because the republicans at least some of them
the super rich, wall street corporations, big oil, that seems to be more important than the united states government and preventing the united states government from defaulting on our debts. and let me just remind those who want to cut medicare and dismantle medicare, that's basically what they want to do, medicare recipients did not create the national debt and that is unconscionable to even talk about balancing the budget or paying down the debt on the backs of our most vulnerable populations, including those who are facing living in poverty. and let me remind our republican colleagues again that the congressional black caucus under the leadership of chairman cleaver, congresswoman christensen, congressman bobby scott, already offered a budget answered mentioned it earlier, that would save $5.7 trillion from the deficit, protect our most vulnerable communities and would have ensured the stability of medicare, medicaid and social security and our budget was balanced. so the country's not broke am. we know how we got here. two wars, these massive tax cuts for the very wealthy, wall street
Search Results 0 to 24 of about 25 (some duplicates have been removed)

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